ATR Group has started work on a new five-year contract supplying lifting equipment and regulatory inspection services to Nexen Petroleum UK in the North Sea. The equipment management company will manage the co-ordination and mobilization…
Plant Integrity Management (PIM) has won a new five-year contract with Nexen, a wholly-owned subsidiary of CNOOC. The contract will see PIM provide inspection management services on Nexen’s North Sea assets, including delivering integrity management services covering pressure systems…
The 28 license options awarded in two tranches in Ireland's 2015 Atlantic Margin licensing round have been set out in a newly released map of the acreage. In the first tranche, announced in February, ExxonMobil, BP, Statoil, and Eni were among the majors awarded license options…
China National Offshore Oil Corp. (CNOOC) has appointed a company chairman, Yang Hua, as its new new CEO. Hua is replacing Li Fanrong who will join China’s National Energy Administration as deputy director. Hua said he will continue…
Nexen Petroleum is to end production from the Ettrick field in the North Sea and remove the floating production facility FPSO Aoka Mizu from the location. Nexen, which is owned by China National Offshore Corporation, terminated a contract with FPSO provider Bluewater in March…
Wood Group has been awarded a five-year contract by Nexen, worth US$150 million. Extending a contract in place since April 2010, Wood Group PSN (WGPSN) will continue to deliver operations, maintenance and technical support across Nexen’s North Sea offshore assets…
DOF subsidiary DOF Rederi has entered into agreements with both Nexen Petroleum UK and Maersk Oil North Sea UK for charter contracts in the North Sea. With Nexen, a contract is scheduled to start in May for the Skandi Marstein in the North Sea…
Williams Partners reached an agreement with Shell Offshore and Nexen Petroleum Offshore to provide deepwater gas gathering services to the Appomattox development, in the Gulf of Mexico. Appomattox is located 80mi offshore from the nearest shoreline in Louisiana…
Atlantic Petroleum has agreed to sell its Norwegian activities to M Vest Energy - a company partly owned by Atlantic's existing management. The Norwegian activities include all of Atlantic's assets and licenses, the liabilities of the licenses…
Malaysian independent exploration firm Hibiscus Petroleum is set to become a UK North Sea operator after receiving regulatory and shareholder approval for its acquisition of a 50% stake in the Anasuria cluster. It will be the firm's first producing asset…
Water treatment solutions company Water Standard secured a contract with Shell Offshore for the design, fabrication, testing, and shipment of an ultrapure water generation package (UWGP) to be integrated on Appomattox, Shell’s floating production system located in deepwater…
Eni, Europa, ExxonMobil, Nexen, Scotia, Statoil and Woodside are among those awarded licenses in Irelan's latest offshore round. In total, 14 new licensing options in the Irish offshore have been offered, following the conclusion of the…
Subsea 7 has won a three-year frame agreement, with four one-year options, for six North Sea clients: Chevron North Sea, Dana Petroleum (E&P), Hess Denmark, Nexen Petroleum UK, Talisman Sinopec Energy UK and TAQA Bratani. Under the frame agreement…
Low production efficiency in the UK North Sea has amounted to some 900 MMboe of lost production, a senior oil executive told a business breakfast in Aberdeen this morning. Ray Riddoch, Nexen Petroleum’s UK managing director, said in 2014…
The numbers are staggering. At US$50/bbl, at least 20% of production in the North Sea is loss making, an industry event was told last week. And that is likely to be a conservative estimate. Faced with what has been called “a perfect storm” by many – high operating costs…
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